Founder of Future Supply Chain Solutions Ltd. and Future Group, Kishore Laxminarayan Biyani is a businessperson who has been the head of 7 different. Kishore Biyani is Chairman/CEO at Future Group. See Kishore Biyani’s compensation, career history, education, & memberships. Learning from Kishore Biyani is to look forward & never look back. Born on August 9, into a small trading family, Biyani started his first.
|Published (Last):||26 December 2011|
|PDF File Size:||17.64 Mb|
|ePub File Size:||3.97 Mb|
|Price:||Free* [*Free Regsitration Required]|
Today, the Future Group has more than 70 Million sqft of retail space in 90 cities and 60 rural locations, and is also in plans to add in more 9 Million sqft in the years to come. The book so far has sold almostcopies, which is far more than any kshore business book published in India. Personally, Kishore has completed his graduation in the field of Commerce from the H.
Kishore Biyani – Wikipedia
Based in Mumbai, he is married to Sangita Biyani and together, they have two children. Kishore Biyani, the current pin-up boy of the Indian retail industry, has played multiple roles including trader, a failed film-maker, a dance festival organiser, in his career but eventually settled to become an innovative retailer. Coming from a family of businessmen or should we say that business literally flowing in his blood and bloodline, starting from his grandfather; Kishore was never really keen about studies and merely pushed himself towards graduation.
This was the early s! Without blography delay, he found a local mill that made that kind of fabric, and sold a few hundred thousand rupees worth of the material to selected garment manufacturers and shops in the city, and earned his first profit.
Kishore had tasted blood and now he craved for more! He desperately started to look around for something new, something different.
He was looking for a venture or an idea which had the potential to reach out to maximum number of people in the country. That is when he stumbled upon an idea and the unthinkable happened. In a short span he reached to the peak of demand from the market and sold more than 30, to 40, metres of the material each month.
Like it is said: The year of 92, saw the biggest jump as compared to the chain of events that had taken place so far. Kishore or should we say his company, in this year entered the stock market in a smart attempt to maintain the inflow of fuel which was the primary need for his continued expansion! Other than going on a spree of opening stores, he also spent a huge chunk on marketing as well, and by 94, word has it that Pantaloon franchise had turned into a 9 million laying hen, annually.
At this point, pantaloons were literally present across every length and breadth of the country, but they seemed to have missed a very important piece while expansion; mobility in all aspects!
And that turned out to be a logistical nightmare. Their executive staff found it impossible to visit each of their stores to monitor the quality of service, which weakened some of the older shops and on the other end, the franchisees who worked on a commission basis, focused more on immediate profits rather than customer service.
Hence, to fix the mess, Kishore began exploring the idea of transforming Pantaloon into large-format retail stores of his own in and that is when he stumbled upon a 10, sq ft biograhy in Kolkata. Hence, in Augustthe first Pantaloons department store opened for public.
Soon after that; Kishore began working on his next big project — Big Bazaar, a hypermarket with a dose of chaos stores that were crowded, noisy and a bit messy on purpose. And just like Kishore had mentioned in his book: Similarly, the timing again was perfect, his target audience a. Having said that; he opened the first Big Bazaar in Kolkata in and within 22 days, he opened two more. Since then he has gone on to open more than stores country wide kishofe has been catering over 2 Million customers per week.
Now as much as things were going great and success seemed to be touching his feet, the company took a bad hit. But the major fall came when the economic downturn hit the company really bad. The carnage blyani taken place majorly because huge amounts of debt accumulated as a result of reckless expansion. It was so drastic that Pantaloon had to postpone the opening ksihore as many as 30 of their stores.
They were biogrwphy forced to reduce the size of some of its other locations. The debts had become so huge that; they were forced to give up almost 2 Million sq ft of retail space, had to renovate biogrsphy the Big Bazaar hypermarkets he ran, sell off businesses, and restructure operations.
What was even more heart breaking was that, these sell offs included Soon everyone started to understand his strategy and noticed the work he was doing and today — you love him or hate him but you cannot ignore him.
Today, the company has grown on to transform into a manifold of empires of its own which eventually fall under one single umbrella — Future Group! The group is now known for having an important standing in the Indian retail and fashion sectors, with their popular supermarket wings. Pantaloon Retail stores as of date, occupy more than 70 million square feet of retail space all over the country, employ more byiani 35, people, have more than one-fourth of the population i.
To operate more systematically; after the sale of Pantaloons, the group has been resorted and restructured into: And byKishore plans to transform the Future Group into a technology company as well, and by that, it means the company would be more of an analytics company than a retail one.
Kishore is one of the very few men who have managed to build an entire empire, all by himself, and without any godfathers or family backing. And clearly not that everything that Mr. Kishore Biyani has tried, has worked out in his favour, just like every other human being and a successful businessman.
But that has not stopped him from constantly experimenting or trying out new ideas and that is exactly the key to any success! YoChef puts the spotlight on emerging businesses and reputed personalities to help young entrepreneurs learn from their experiences. Watch out for posts published under YoChef to discover entrepreneurial journeys and life lessons. Cyan Default Red Orange. Tuesday, April 28, Views Biyain did he begin? His career in actuality, started just when he neared the end of kixhore graduation!
RISE In a short span he reached to the peak of demand from the market and sold more than 30, to 40, metres of the material each month. It was a massacre!
Motivational Story : Kishore Biyani | -MBA Website, MBA Portal
FALL Now as much as things were going great and success seemed to be touching his feet, the company took a biogrqphy hit. Kishore Biyani has received several awards some of which include: YoChef YoChef puts the spotlight on emerging businesses and reputed personalities to help young entrepreneurs learn from their experiences.
Make Your Story Inspire Millions!